Invest Ksh 500,000 in GenAfrica MMF for 15 years.
At GenAfrica Money Market Fund's current net yield of 7.81% (after Kenya's 15% withholding tax), a Ksh 500,000 deposit grows to about Ksh 1,613,212 after 15 years — about Ksh 1,113,212 in interest, assuming daily compounding and no withdrawals.
Final balance
Ksh 1,613,212
3.23× your deposit
Deposited
Ksh 500,000
One-off, no withdrawals
Interest earned
Ksh 1,113,212
At 7.81% net p.a.
Year by year
vs keeping it in a bank savings account
The same Ksh 500,000 at Credit Bank's deposit rate of 12.68% would grow to about Ksh 3,316,381 over the same 15 years — that's -Ksh 1,703,169 less than GenAfrica Money Market Fund.